4034 Abourne Road A, Los Angeles, California 90008, Los Angeles, 90008 - 1 bed, 1 bath
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Los Angeles, California 90008
This property presents a High-Potential Investment Opportunity with a List Price of $318,500—positioned well above the $267,349 Fair Market Value by -19%. Featuring a Condition Rating of 5, the unit includes an unpermitted bedroom conversion that requires code compliance review. While the property offers a functional layout for those seeking extra space, the low-rated local schools may impact long-term resale appeal. This is a strategic, value-add acquisition ideal for Buy-and-Hold Investors or first-time buyers capable of managing renovation and permitting requirements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4034 Abourne Road A Subject | $318,500* List Price | 1 | 1 | 736 | $363 | - |
A 4048 Abourne Road C Sold | $325,000 | 1 | 1 | 741 | $439 | 0.0 mi |
B 4045 Abourne Road D Active Under Contract | $365,000 List Price | 1 | 1 | 719 | $508 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 (76 years old) with no mention of recent renovations to major systems. The property includes an unpermitted room conversion and is marketed as an 'opportunity' price, indicating a need for significant rehab and potential code compliance updates.
Elementary School: Farragut Elementary School (9/10).
Priced at $318,500, this property represents a highly accessible entry point into the Los Angeles market, offering significant value compared to traditional two-bedroom listings.
The conversion of the dining area into a second bedroom provides the utility and layout of a larger unit, maximizing the 736 square feet for buyers needing extra room.
The second bedroom conversion was completed without permits, which may present challenges with traditional financing, appraisals, or future building code compliance.
The property is served by middle and high schools with low performance ratings, which could limit the property's appeal to families and impact long-term resale value.
This one-bedroom unit has had the dining area converted into a second bedroom (without permits), giving your client the feel of a 2-bedroom unit without paying a true 2-bedroom price.Seller is motivated and looking for a quick sale that's why the price reflects the opportunity. Great option for buyers looking for extra space and value.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.5 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 736 | 856.5 | 33% |
| Lot Size | 46,289 | 46,289 | 50% |
| Price | $318.5K | $388.5K | 33% |
| Price per sq ft | $433 | $433 | 50% |
| Built year | 1948 | 1965 | 50% |
| HOA | $425.0 | $462 | 50% |
| Days on market | 31 | 166 | 17% |
May 15, 2026
$318,500
Initial Listing
Feb 25, 2016
$150,000
Public Record
Oct 23, 2015
$85,500
Public Record